Keesha consumes only milkshakes and burgers. Once at her consumer equilibrium, what would happen if she changed her consumption by purchasing one more milkshake and one fewer burger?
A) The marginal utility of a burger would decrease.
B) The marginal utility of a milkshake would increase.
C) The total utility from the consumption of both goods would decrease.
D) all of the above
Question 2
In the above figure, suppose that the government sets a limit that may be produced of 10 units of output and the price rises to 4. In comparison to a competitive market the producer surplus would rise by
A) 0.
B) 5.
C) 15.
D) 20.
What is the value of the equilibrium constant, K, at 25°C for the reaction?
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